8/29/2023 0 Comments Polymail tech stackThis is going to be interesting." David Rosenberg, Rosenberg Research "Everything you hear, it's going to have an AI inflection, everything from new drugs and medicine, to predictive natures of all types. "I think AI is going to be a new mini-version of the dot-com," UBS's Art Cashin told CNBC. I'd put much larger odds on it coming down from here," he told Bloomberg. "I think the market has got a little bit over its skis. Wharton professor Jeremy Siegel has said he doesn't see the hype around the sector as a bubble and Tradier CEO Dan Raju told Insider that "the talk around an AI bust is unfounded at this stage." Nvidia surged a stunning 192%, prompting some commentary suggesting the stock may be overvalued.īut not everyone thinks the AI stock boom has run too far. The tech-heavy Nasdaq 100 index has jumped 39% so far this year, fueled mainly by massive rallies in AI-related stocks such as Nvidia, Alphabet and Microsoft. Market pundits including veteran economist David Rosenberg and experts from Wall Street names such as Bank of America, UBS and TAM Asset Management have likened the surge in AI tech shares to the boom in internet-related stocks toward the end of the 20th century - which eventually ended with the market crash of 2000. The stunning rally in artificial intelligence-related stocks this year surprised even equity bulls, but its breakneck speed and the investor frenzy around AI are inviting some unflattering comparisons to the late-1990s dot-com bubble.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |